Abbreviated Company Accounts - ASCOT TOWERS LIMITED

ASCOT TOWERS LIMITED - Company Information

Registered Number 05509885

ASCOT TOWERS LIMITED

Abbreviated Accounts

31 December 2015

ASCOT TOWERS LIMITED Registered Number 05509885

Abbreviated Balance Sheet as at 31 December 2015

	Notes	31/12/2015	31/07/2015
		£	£
Fixed assets
Tangible assets	3	1,510,977	1,510,977
		1,510,977	1,510,977
Current assets
Debtors		416	1,100
Cash at bank and in hand		4,790	4,232
		5,206	5,332
Creditors: amounts falling due within one year		(4,060)	(3,185)
Net current assets (liabilities)		1,146	2,147
Total assets less current liabilities		1,512,123	1,513,124
Provisions for liabilities		(1,087)	(2,187)
Total net assets (liabilities)		1,511,036	1,510,937
Reserves
Other reserves		1,510,977	1,510,977
Income and expenditure account		59	(40)
Members' funds		1,511,036	1,510,937

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 July 2016

And signed on their behalf by:
MRS L D ROWBERRY, Director

ASCOT TOWERS LIMITED Registered Number 05509885

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land - not provided

The Company owns the freehold of the land upon which the two properties comprising of 18 apartments and related garages and storage areas are built and privately owned by the lessees.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 August 2015	1,510,977
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	1,510,977
Depreciation
At 1 August 2015	-
Charge for the year	-
On disposals	-
At 31 December 2015	-
Net book values
At 31 December 2015	1,510,977
At 31 July 2015	1,510,977